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Antfin to exit Eternal in $612 mn block deal
Mint Chennai
|August 07, 2025
Antfin Singapore Holding Pte. Ltd, a unit of China's Alibaba Group, will sell its entire 1.95% stake in food and grocery delivery firm Eternal Ltd (formerly Zomato) in a block deal worth $612 million, days after exiting financial services firm Paytm.
The term sheet reviewed by Mint showed that the clean-up trade was made at a 4.63% discount to Eternal share's closing price on 6 August. Antfin holds 188.4 million shares in Eternal. It hired Morgan Stanley and Bank of America for the sale. The order book opens on Wednesday and is expected to close on Thursday.
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